Buy-In Analyst

The main purpose of this role is to focus on performing daily operations as per procedures

Perform data entry, processing, reconciliation, and data maintenance as per procedures

Work is performed with predefined parameters and includes specialized training on desk responsibilities

For any exceptions, work with team lead and department manager to escalate as per procedures and to ensure overall compliance with accepted practices and policies

Elements of risk are managed through operational reviews, system checks, and adherence to procedures

Provide customer service to all of RBC Clients, when contacting short accounts for Buy-In Notices

Process standardized or routine transactions within specific area or department, such as Frozen Letters and Pair Offs

Respond to questions from other departments both in and outside of Operations, retail personnel, correspondent firms, and management staff

Route escalated questions to the appropriate resources following established departmental policies

Understand department procedures and required accountabilities in the area or department in which the incumbent works

Reduce risk by suggesting process changes and modifications as appropriate

Able to handle multiple priorities in a fast paced, pressured environment

Good communication skills with ability to work effectively with a variety of personalities

Complete special projects and assignments in a thorough, accurate and timely manner

Basic knowledge of the brokerage business

Strong Excel skills including advanced formulas, pivot tables, VLOOKUP/XLOOKUP, etc.

2+ years of relevant reconciliation experience in a financial services environment, preferably within capital markets or trading operations.

Post-secondary education or equivalent

High degree of accuracy and attention to detail with strong analytical and problem-solving abilities.

Ability to work effectively and reliably under pressure in a fast-paced environment with minimal supervision.

Strong organizational and interpersonal skills with excellent verbal and written communication abilities.

Team player who can collaborate effectively across multiple functions and geographies.

Knowledge of ADP, DTC, CDS as these Backoffice systems are used extensively

Knowledge of DTC, CNS, Reconciliation, Buyin rules and other regulations mandated by FINRA/IIROC

Experience speaking with Front Office/Middle office personnel

Understanding of accounting principles and experience reconciling General Ledger accounts and Nostro accounts.

Other technical skills such as Python, VBA, SQL, or other automation tools.

Knowledge of ADP-Broadridge, Cage III, Stock Record

Strong knowledge of DTC SMARTRACKS Buy-In procedures (CNS & NON-CNS BUY-Ins)

Ability to meet strict NSCC/DTC deadlines

Familiar with Stock Loan & Stock Borrow procedures

Understanding of Balancing Reconciliations/ Position and Cash to make sure all accounts are properly balanced with the correct journal entries

Knowledge of sub-ledger accounting systems and month-end close processes.

Experience/working knowledge of rates derivatives products (Interest Rate Swaps, Cross Currency Swaps, Forward Rate Agreements) and related processing procedures.

Familiarity with trading and risk management systems such as Murex, Infinity, or similar platforms.

A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation

Leaders who support your development through coaching and managing opportunities

Work in a dynamic, collaborative, progressive, and high-performing team

Opportunities to do challenging work

Flexible work/life balance options